Robert H. Rudman Sells 2,764 Shares of Dollar Tree, Inc. (DLTR) Stock

Dollar Tree, Inc. (NASDAQ:DLTR) insider Robert H. Rudman sold 2,764 shares of the firm’s stock in a transaction dated Friday, March 23rd. The stock was sold at an average price of $93.70, for a total value of $258,986.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Dollar Tree stock opened at $91.95 on Friday. The company has a market capitalization of $21,823.04, a PE ratio of 18.88, a P/E/G ratio of 1.12 and a beta of 0.80. The company has a current ratio of 1.60, a quick ratio of 0.49 and a debt-to-equity ratio of 0.66. Dollar Tree, Inc. has a twelve month low of $65.63 and a twelve month high of $116.65.

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Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Wednesday, March 7th. The company reported $1.89 EPS for the quarter, missing the consensus estimate of $1.90 by ($0.01). Dollar Tree had a net margin of 7.71% and a return on equity of 18.68%. The company had revenue of $6.36 billion for the quarter, compared to analysts’ expectations of $6.39 billion. During the same quarter in the previous year, the business posted $1.36 earnings per share. The business’s quarterly revenue was up 12.9% compared to the same quarter last year. research analysts predict that Dollar Tree, Inc. will post 5.63 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of DLTR. New York State Common Retirement Fund grew its stake in Dollar Tree by 2.2% during the 3rd quarter. New York State Common Retirement Fund now owns 521,456 shares of the company’s stock valued at $45,273,000 after purchasing an additional 11,287 shares in the last quarter. Commonwealth Equity Services Inc grew its stake in Dollar Tree by 21.8% during the 3rd quarter. Commonwealth Equity Services Inc now owns 20,178 shares of the company’s stock valued at $1,751,000 after purchasing an additional 3,610 shares in the last quarter. SG Americas Securities LLC grew its stake in Dollar Tree by 19.1% during the 3rd quarter. SG Americas Securities LLC now owns 9,524 shares of the company’s stock valued at $827,000 after purchasing an additional 1,528 shares in the last quarter. Pacer Advisors Inc. grew its stake in Dollar Tree by 9.1% during the 3rd quarter. Pacer Advisors Inc. now owns 9,154 shares of the company’s stock valued at $795,000 after purchasing an additional 763 shares in the last quarter. Finally, D.A. Davidson & CO. grew its stake in Dollar Tree by 3.8% during the 3rd quarter. D.A. Davidson & CO. now owns 48,590 shares of the company’s stock valued at $4,218,000 after purchasing an additional 1,771 shares in the last quarter. Hedge funds and other institutional investors own 90.94% of the company’s stock.

A number of equities analysts have recently commented on the company. Bank of America raised their price objective on Dollar Tree from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. Wells Fargo restated an “outperform” rating and issued a $138.00 price objective (up from $132.00) on shares of Dollar Tree in a report on Tuesday, January 23rd. Zacks Investment Research upgraded Dollar Tree from a “hold” rating to a “strong-buy” rating and set a $128.00 price objective on the stock in a report on Tuesday, January 16th. Guggenheim restated a “buy” rating on shares of Dollar Tree in a report on Wednesday, January 31st. Finally, Oppenheimer assumed coverage on Dollar Tree in a report on Tuesday, January 16th. They issued an “outperform” rating and a $130.00 price objective on the stock. Eleven investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. Dollar Tree has a consensus rating of “Buy” and an average price target of $107.40.

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About Dollar Tree

Dollar Tree, Inc operates variety retail stores in the United States and Canada. It operates in two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care products, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; various merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods, which include Valentine's Day, Easter, Halloween, and Christmas merchandise.

Insider Buying and Selling by Quarter for Dollar Tree (NASDAQ:DLTR)

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